Hong KongNewstpl_newsletter_2Wine Trade

Hong Kong’s Q1 2022 Wine Imports Crash by 27%

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Wine imports in Hong Kong in the first three months of 2022 declined in value by 27% as the fifth wave of coronavirus infections restricted mobility and shut drinking venues.

Data from the Census and Statistics Department showed that about HK$1.9 billion worth of wines from international sources entered the city between January and March. 

The decline in wine imports came as the city is fighting a new wave of COVID-19 infections that began in February and peaked sometime in early March.

Much of the decrease was recorded in its top import, French wines, which value fell by 27% to HK$1.2 billion. 

In the quarter, Australian wines saw a 32% slump to HK$270 million while wines from the United Kingdom and the United States also slid by 4% and 25%, respectively.

Only wines from Italy saw growth, albeit minimal, at HK$60 million.

In terms of wine categories, both imported red and white wine bottles dropped in value by 28% and 6%, respectively. 

Champagne bottles were down 26% while bottles of port took a 36% dive. Imported sherry bottles increased slightly by 5%.

In March alone, Hong Kong’s wine importation fell by almost 40% to HK$510 million.

Hong Kong’s Top 5 Wine Exporters in Q1 2022 vs Q1 2021

Rank Country Value in 2022 Value in 2021 % Change
1 France HK$1,156,894,000 HK$1,593,125,000 -27%
2 Australia HK$270,399,000 HK$395,556,000 -32%
3 United Kingdom HK$159,036,000 HK$166,248,000 -4%
4 United States HK$60,286,000 HK$80,326,000 -25%
5 Italy HK$59,875,000 HK$58,796,000 +2%
Total HK$1,853,374,000 HK$2,531,105,000 -27%
Source: Hong Kong Customs

Bottled Wine Categories in Q1 2022 vs Q1 2021

Bottled Wine Size Value in 2022 Value in 2021 % Change
Red HK$1,618,274,000 HK$2,249,999,000 -28%
Champagne HK$109,226,000 HK$147,781,000 -26%
White HK$103,730,000 HK$110,935,000 -6%
Sherry HK$295,000 HK$281,00 +5%
Port HK$1,165,000 HK$1,821,000 -36%
Source: Hong Kong Customs

Hong Kong’s Top 5 Wine Exporters in March 2022 vs 2021

Rank Country Value in 2022 Value in 2021 % Change
1 France HK$351,025,000 HK$584,934,000 -40%
2 Australia HK$46,346,000 HK$74,314,000 -38%
3 United Kingdom HK$33,612,000 HK$67,584,000 -50%
4 United States HK$16,868,000 HK$31,050,000 -46%
5 Italy HK$16,806,000 HK$15,681,000 +7%
Total HK$509,579,000 HK$833,659,000 -39%
Source: Hong Kong Customs

Bottled Wine Categories in March 2022 vs 2021

Bottled Wine Size Value in 2022 Value in 2021 % Change
Red HK$420,751,000 HK$745,329,000 -44%
Champagne HK$53,938,000 HK$38,143,000 +41%
White HK$26,434,000 HK$42,653,000 -38%
Sherry HK$31,000 HK$84,000 -63%
Port HK$502,000 HK$324,000 -55%
Source: Hong Kong Customs

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